ARLO on NYSE

Arlo Technologies, Inc.

Logo: Humdinger & Sons, CC BY 4.0, via Wikimedia Commons⁴

Internet-connected smart home brand

Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO. According to the company, it has shipped 21.6 million devices, has 5.82 million registered accounts, and has 877,000 paid accounts, as of January 2022.³ From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2018Founded¹

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TickerARLO on NYSE¹
Industryhome automation¹
HeadquartersSan Jose¹
Websitewww.arlo.com
Legal formDelaware corporation¹
Incorporated inDE⁵
Business address5770 Fleet Street, Carlsbad, Ca 92008⁵
Filer categoryLarge accelerated filer⁵

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Photo: Arlo, Public domain, via Wikimedia Commons⁷

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

44.0%Gross margin⁸

1.1%Operating margin⁸

2.8%Net margin⁸

3.6%Revenue growth, 2025⁸

11.7%Return on equity⁸

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscriptions And Services brought in 60% of the revenue Arlo Technologies, Inc. broke down this way in fiscal 2025.

Subscriptions And Services$316.4M⁸60%up 30% from 2024
Product$212.9M⁸40%down 21% from 2024

Products and services by year

Products and services	2023	2024	2025
Subscriptions And Services	$201.2M	$243.0M	$316.4M
Product	$289.9M	$267.9M	$212.9M

Regions

Americas brought in 32% of the revenue Arlo Technologies, Inc. broke down this way in fiscal 2025.

Americas$339.7M⁸32%up 28% from 2024
United States$328.8M⁸31%up 28% from 2024
EMEA$167.4M⁸16%down 24% from 2024
Spain$108.1M⁸10%down 21% from 2024
Sweden$46.8M⁸4%down 6% from 2024
Other Countries$45.6M⁸4%down 32% from 2024
Asia Pacific$22.2M⁸2%down 8% from 2024

Regions by year

Regions	2023	2024	2025
Americas	$301.4M	$266.1M	$339.7M
United States	$299.4M	$256.7M	$328.8M
EMEA	$164.8M	$220.8M	$167.4M
Spain	$113.8M	$137.7M	$108.1M
Sweden	$29.5M	$49.6M	$46.8M
Other Countries	$48.5M	$66.8M	$45.6M
Asia Pacific	$25.0M	$24.0M	$22.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueResearch and developmentOther costs

Cost of revenue56¢$296.5M
Research and development14¢$73.7M
Other costs27¢$143.5M
Income tax0¢$741.0K
Profit3¢$14.9M

Out of $529.3M in revenue.⁸

Where each dollar of operating cash went, fiscal 2025

Share buybacksKept or used elsewhere

Share buybacks58¢$45.6M
Kept or used elsewhere42¢$33.1M

Out of $78.7M of cash from operations.⁸

Financial statements

Revenue⁹¹⁰¹¹¹²⁸$529.3M in 2025+43% since 2019

Gross profit⁹¹⁰¹¹¹²⁸$232.8M in 2025+550% since 2019

Operating income⁹¹⁰¹¹¹²⁸$6.1M in 2025

Net income⁹¹⁰¹¹¹²⁸$14.9M in 2025

Every line of the income statement in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Total revenue	$529.3M	$510.9M	$491.2M
Total cost of revenue	$296.5M	$323.4M	$323.6M
Gross profit	$232.8M	$187.5M	$167.6M
Research and development	$73.7M	$73.2M	$68.6M
Sales and marketing	$84.8M	$73.7M	$66.1M
General and administrative	$66.1M	$72.1M	$56.4M
Other operating expense	$2.2M	$3.4M	$1.3M
Total operating expenses	$226.8M	$222.4M	$192.5M
Income (loss) from operations	$6.1M	-$34.9M	-$24.9M
Gain on early lease termination	$4.1M	$0	$0
Interest income, net	$5.5M	$5.6M	$3.9M
Other income (expense), net	$0	-$104.0K	$107.0K
Total other income, net	$9.6M	$5.5M	$4.0M
Income (loss) before income taxes	$15.7M	-$29.4M	-$20.9M
Effective income tax rate	$741.0K	$1.1M	$1.2M
Basic (in dollars per share)	$0.14	-$0.31	-$0.24
Diluted (in dollars per share)	$0.14	-$0.31	-$0.24
Basic (in shares)	104.2M shares	98.6M shares	92.8M shares
Diluted (in shares)	110.2M shares	98.6M shares	92.8M shares
Net income (loss)	$14.9M	-$30.5M	-$22.0M
Other comprehensive income (loss), net of tax	-$18.0K	-$286.0K	$427.0K
Total comprehensive income (loss)	$14.9M	-$30.8M	-$21.6M

Total assets¹⁵⁹¹⁰¹¹¹²⁸$310.5M in 2025−43% since 2019

Total liabilities¹⁵⁹¹⁰¹¹¹²⁸$182.7M in 2025−46% since 2019

Shareholders’ equity¹⁰¹¹¹²⁸$127.8M in 2025−37% since 2019

Cash⁹¹⁰¹¹¹²⁸$146.4M in 2025−38% since 2019

Every line of the balance sheet in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$146.4M	$82.0M	$56.5M
Short-term investments	$20.0M	$69.4M
Accounts receivable, net	$39.7M	$57.3M
Inventories	$41.2M	$40.6M
Prepaid expenses and other current assets	$13.2M	$13.2M
Total current assets	$260.5M	$262.6M
Property and equipment, net	$13.2M	$4.8M
Operating lease right-of-use assets, net	$9.2M	$15.7M
Goodwill	$11.0M	$11.0M
Long-term investment	$12.5M	$0
Other non-current assets	$4.2M	$4.3M
Total assets	$310.5M	$298.4M
Accounts payable	$42.8M	$63.8M
Deferred revenue	$37.1M	$27.2M
Accrued liabilities	$92.4M	$85.7M
Total current liabilities	$172.3M	$176.8M
Non-current operating lease liabilities	$6.7M	$18.4M
Other non-current liabilities	$3.6M	$2.4M
Total liabilities	$182.7M	$197.5M
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding	$0	$0
Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 105,030,947 at December 31, 2025 and 100,885,158 at December 31, 2024	$105.0K	$101.0K
Additional paid-in capital	$510.8M	$498.7M
Accumulated other comprehensive income	$16.0K	$34.0K
Accumulated deficit	-$383.0M	-$398.0M
Total stockholders equity	$127.8M	$100.9M	$103.3M
Total liabilities and stockholders equity	$310.5M	$298.4M
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, authorized (in shares)	50.0M shares	50.0M shares
Preferred stock, issued (in shares)	0 shares	0 shares
Preferred stock, outstanding (in shares)	0 shares	0 shares
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized (in shares)	500.0M shares	500.0M shares
Common stock, issued (in shares)	105.0M shares	100.9M shares
Common stock, outstanding (in shares)	105.0M shares	100.9M shares

Cash from operations⁹¹⁰¹¹¹²⁸$78.7M in 2025+758% since 2019

Capital spending⁹¹⁰¹¹¹²$2.7M in 2024−60% since 2019

Free cash flow⁹¹⁰¹¹¹²⁸$48.6M in 2024+1839% since 2019

Share buybacks¹²⁸$45.6M in 2025

Every line of the cash flow in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income (loss)	$14.9M	-$30.5M	-$22.0M
Stock-based compensation expense, net of amounts capitalized	$62.3M	$68.7M	$47.9M
Depreciation and amortization	$3.9M	$3.2M	$4.7M
Gain on early lease termination	-$4.1M	$0	$0
Allowance for credit losses and non-cash changes to reserves	$888.0K	$2.1M	$279.0K
Deferred income taxes	-$216.0K	-$13.0K	$112.0K
Discount accretion on investments and other	-$2.7M	-$3.3M	-$2.0M
Accounts receivable, net	$17.7M	$8.2M	$690.0K
Inventories	-$1.4M	-$4.5M	$7.8M
Prepaid expenses and other assets	$318.0K	-$3.6M	-$1.5M
Accounts payable	-$21.1M	$8.3M	$3.7M
Deferred revenue	$11.1M	$9.4M	$6.6M
Accrued and other liabilities	-$2.9M	-$6.7M	-$8.0M
Net cash provided by operating activities	$78.7M	$51.3M	$38.3M
Purchases of property and equipment, including capitalized software	-$11.8M	-$2.7M	-$2.8M
Purchases of short-term investments	-$112.9M	-$205.1M	-$149.9M
Purchase of long-term investment	-$12.5M	$0	$0
Proceeds from maturities of short-term investments	$165.0M	$218.6M	$102.0M
Net cash provided by (used in) investing activities	$27.8M	$10.8M	-$50.7M
Proceeds related to employee benefit plans	$3.5M	$8.4M	$8.5M
Repurchase of common stock	-$45.6M	-$4.4M	$0
Restricted stock unit withholdings	$0	-$44.7M	-$23.6M
Net cash used in financing activities	-$42.1M	-$40.8M	-$15.1M
Net increase (decrease) in cash, cash equivalents, and restricted cash	$64.4M	$21.4M	-$27.5M
Cash paid for income taxes, net	$1.2M	$1.2M	$1.2M
Purchases of property and equipment included in accounts payable and accrued liabilities	$470.0K	$708.0K	$189.0K
Stock-based compensation expense capitalized for software development	$1.6M	$0	$0

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The story

On February 6, 2018, Netgear made the announcement that its board of directors had unanimously approved the separation of its Arlo business from Netgear. During the second quarter of 2018, Netgear's Arlo unit became a holding of Arlo Technologies, Inc. Netgear issued less than 20% of the Arlo common stock in the IPO, allowing it to retain majority control.

The CEO of Arlo is Matthew McRae. McRae joined Netgear in October 2017 when he was hired as senior vice president of strategy.

From Wikipedia’s article on Arlo Technologies, shared under CC BY-SA 4.0.⁶

Products and brands

security camera

Listed on Wikidata.¹

Products

Arlo makes products such as the Arlo Security Camera, as well as portable and baby monitoring cameras. Arlo cameras are designed to save energy by use of a low-power standby mode.

Manufacturing

Arlo manufacturing is outsourced to Foxconn and Pegatron.